Mahanagar Telephone Nigam Limited (MTNL), state-owned telecom company, Monday said it will seek shareholders approval to raise ₹3,126 crore through debt bonds against sovereign guarantee
BSNL: ".we would like to inform you that MTNL has inked a MoU with Bharat Sanchar Nigam Limited on Thursday, August 31, 2023," MTNL said in a regulatory filing Friday.
Minister of State for Communications Devusinh Chauhan in a written reply to the Lok Sabha said following a financial relief package from the Centre, BSNL and MTNL have been operationally profitable since 2020-21.
Harangued subscribers of MTNL are crossing their fingers in the hope that its imminent merger with BSNL will breathe life into their phones. Dead instruments that have gone silent since weeks, bills that arrive despite not a single call being made, broadband that aspires to connect then gives up all sound the death knell of a company that once occupied pride of place in the telecom sector.